Nasdaq (NASDAQ:NDAQ) Given New $111.00 Price Target at Wells Fargo & Company

Nasdaq (NASDAQ:NDAQ) had its price target upped by equities researchers at Wells Fargo & Company from $100.00 to $111.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 8.68% from the stock’s current price.

Several other research firms also recently weighed in on NDAQ. The Goldman Sachs Group boosted their target price on Nasdaq from $108.00 to $109.00 and gave the company a “buy” rating in a report on Friday, October 2nd. Piper Sandler restated an “overweight” rating and set a $108.00 price target (up from $104.00) on shares of Nasdaq in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $118.00 price target on shares of Nasdaq in a research report on Friday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nasdaq in a research report on Thursday. Finally, Zacks Research cut Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Moderate Buy” and a consensus price target of $111.94.

Nasdaq Stock Performance

NDAQ traded down $1.16 on Friday, reaching $102.14. The company had a trading volume of 481,452 shares, compared to its average volume of 3,771,169. Nasdaq has a 1 year low of $76.55 and a 1 year high of $104.21. The stock has a market capitalization of $57.09 billion, a PE ratio of 29.82, a P/E/G ratio of 1.73 and a beta of 0.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average price of $94.75 and a 200-day moving average price of $90.97.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. Nasdaq’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. As a group, research analysts forecast that Nasdaq will post 4.13 EPS for the current fiscal year.

Insider Activity

In other Nasdaq news, insider Nelson Griggs sold 11,010 shares of Nasdaq stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $96.35, for a total value of $1,060,813.50. Following the transaction, the insider directly owned 205,001 shares in the company, valued at approximately $19,751,846.35. This trade represents a 5.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Jeremy Skule sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $95.00, for a total value of $106,875.00. Following the completion of the transaction, the executive vice president directly owned 96,561 shares in the company, valued at approximately $9,173,295. The trade was a 1.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,520 shares of company stock worth $2,520,957 in the last 90 days. 0.60% of the stock is currently owned by insiders.

Institutional Trading of Nasdaq

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWA Asset Management Group LLC boosted its holdings in Nasdaq by 2.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 3,831 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 108 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Nasdaq by 2.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,633 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 118 shares in the last quarter. Quantum Portfolio Management LLC grew its holdings in Nasdaq by 1.8% during the 1st quarter. Quantum Portfolio Management LLC now owns 7,144 shares of the financial services provider’s stock valued at $606,000 after buying an additional 123 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Nasdaq by 2.5% during the first quarter. Arkadios Wealth Advisors now owns 5,643 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 137 shares during the last quarter. Finally, AlphaCentric Advisors LLC grew its holdings in shares of Nasdaq by 5.9% during the first quarter. AlphaCentric Advisors LLC now owns 2,603 shares of the financial services provider’s stock worth $221,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.

Nasdaq News Summary

Here are the key news stories impacting Nasdaq this week:

• Positive Sentiment: Q3 earnings beat expectations: Nasdaq reported adjusted earnings of $1.04 per share, above the $1.02 consensus estimate and up from $0.88 a year earlier. Net revenue rose 13% year over year to approximately $1.5 billion, while reported revenue was $2.39 billion. Nasdaq Reports Third Quarter 2026 Results
• Positive Sentiment: Recurring revenue and core growth strengthened the outlook: Annualized recurring revenue reached a record $3.4 billion, solutions revenue totaled roughly $1.2 billion and solutions growth was 17%. Index revenue jumped 39%, with fintech and technology businesses also posting double-digit growth. Profit growth outpaced revenue growth, supporting confidence in future cash flow. NDAQ Q3 Earnings Beat Estimates
• Positive Sentiment: Analyst and shareholder-return support: RBC Capital Markets issued a Buy rating following the earnings release. Nasdaq also highlighted ongoing share repurchases and dividends, adding to the favorable investor response. Nasdaq Gets a Buy from RBC Capital
• Neutral Sentiment: Quarterly dividend declared: Nasdaq maintained a $0.31-per-share quarterly dividend, payable December 18 to shareholders of record December 4. The dividend provides ongoing shareholder support, although it was not an increase. Nasdaq Announces Quarterly Dividend
• Negative Sentiment: Insider selling is a modest cautionary signal: EVP Jeremy Skule sold 1,125 shares for $106,875, reducing his direct stake by 1.15%. The transaction is small relative to his remaining ownership and appears unlikely to outweigh the earnings-driven optimism. SEC Insider Transaction Filing

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.